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Toyota Dealers Invest $3.3 Billion in Dealership Improvements

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Old 11-06-09 | 06:13 AM
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huddleston
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keep in mind these improvements are helping them tremendously for tax purposes. 2004, 2008 and currently through 2009 business are getting to take bonus depreciation on assets purchased - not bad if you are laying out the capital to renovate a dealership. they will get to deduct over 50% of the cost of the renovations in the year they are placed in service. a down economy is also the best time for building/construction for the consumer as projects are usually few and far between. much of this depends on the area of course.
Old 11-06-09 | 05:24 PM
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Some Toyota dealerships are pretty horrid to me.....
Old 11-06-09 | 05:57 PM
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Originally Posted by huddleston
keep in mind these improvements are helping them tremendously for tax purposes. 2004, 2008 and currently through 2009 business are getting to take bonus depreciation on assets purchased - not bad if you are laying out the capital to renovate a dealership. they will get to deduct over 50% of the cost of the renovations in the year they are placed in service. a down economy is also the best time for building/construction for the consumer as projects are usually few and far between. much of this depends on the area of course.
You must be a tax accountant as am I. Yes bonus depreciation will help for tax purposes. The goal is the make as much money as you can and pay as little taxes as you have too. Toyota had a net loss last year and is predicting a net loss this year as well. Prior to that Toyota has always been profitable and pays taxes on those profits as opposed to GM who had some massive losses and you know they were'nt paying taxes but instead used those losses to carry them back to get refunds in the prior years they paid tax on. GM is such a big burden on the U.S. taxpayers it's not even funny...good job for Toyota investing and hopefully will be making tons of money...
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